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Full Name: Dela Cruz, Junel B Date of Examination: 11/25/21 Subject/Section: Strama
Full Name: Dela Cruz, Junel B Date of Examination: 11/25/21 Subject/Section: Strama
Full Name: Dela Cruz, Junel B Date of Examination: 11/25/21 Subject/Section: Strama
Do’s - One of the advantages of ecommerce is that online stores are always
open for business. With your Facebook ads, you can attract someone at 11 p.m.
or 4 a.m.. Most physical location stores are open between 9 a.m. to 9 p.m. By
being available at all hours, you can attract people who would normally pick up
a product in stores, if the store were open. You can also attract those who may
have odd work schedules or who don’t have time to shop in-person. For a
customer to order at night, you don’t need to have employees working the
night shift to ensure all orders get processed. You’ll never need to hire a
security guard.
Do’s- Ecommerce benefits like being able to easily display best-sellers makes it
easier to show off products to customers. While you can design a brick
and mortar store to sway people to buy certain products, it’s easier for a
customer to find the best-sellers in an online store. The reason why you want
customers to buy your best-sellers is because they’re proven. Other customers
have already bought them and are happy with their purchase. If
you want to showcase new products to customers you can include them in your
upsell, email marketing or retargeting ads
2. Corporate Level
Corporate level strategy defines the business areas in which your firm will
operate. It deals with aligning the resource deployments across a diverse set of
business areas, related or unrelated. Strategy formulation at this level involves
integrating and managing the diverse businesses and realizing synergy at the
corporate level. The top management team is responsible for formulating the
corporate strategy. The corporate strategy reflects the path toward attaining the
vision of your organization
For example- your firm may have four distinct lines of business operations,
namely, automobiles, steel, tea, and telecom. The corporate level strategy will
outline whether the organization should compete in or withdraw from each of
these lines of businesses, and in which business unit, investments should be
increased, in line with the vision of your firm
Business Level
Business level strategies are formulated for specific strategic business units and
relate to a distinct product-market area. It involves defining the competitive
position of a strategic business unit. The business level strategy formulation is
based upon the generic strategies of overall cost leadership, differentiation, and
focus.
For example- your firm may choose overall cost leadership as a strategy to be
pursued in its steel business, differentiation in its tea business, and focus in its
automobile business. The business level strategies are decided upon by the heads
of strategic business units and their teams in light of the specific nature of the
industry in which they operate.
Functional Level
Functional level strategies relate to the different functional areas which a
strategic business unit has, such as marketing, production and operations, finance,
and human resources. These strategies are formulated by the functional heads
along with their teams and are aligned with the business level strategies. The
strategies at the functional level involve setting up short-term functional
objectives, the attainment of which will lead to the realization of the business
level strategy
For example- the marketing strategy for a tea business which is following the
differentiation strategy may translate into launching and selling a wide variety of
tea variants through company-owned retail outlets. This may result in the
distribution objective of opening 25 retail outlets in a city; and producing 15
varieties of tea may be the objective for the production department. The
realization of the functional strategies in the form of quantifiable and measurable
objectives will result in the achievement of business level strategies as well.
Job Requirements
Is this person qualified to carry out his or her duties? It is essential that a
recruiter be able to identify applicants who are capable of the specific duties
related to the job in question. For example, if one is searching for a sales
representative, experience with professional presentations would be an asset.
Draw up a good job description that outlines the specific job requirements and
qualifications associated with those requirements. During the interview, ask
specific questions that will help determine whether the applicant is a good fit.
To use the sales representative example once again, the recruiter might ask
the applicant to speak about a time when he or she demonstrated initiative in
attracting a new customer
Personality
Is this person a good fit for the organization? In order to find the best possible
person for a job, it is essential that the recruiter look beyond the applicant's
formal education and work experience. Recruiters must also pay close
attention to the applicant's personality traits, behavior, and general demeanor
in order to decide whether she will get along with the organization's current
employees. Recruiters might ask themselves, "Can I imagine myself and my co-
workers having lunch with this person?" or "Will this person get along with my
co-workers in meetings? Formal job requirements are important, but some
consider personality traits, behavior and demeanor to be just as important to a
successful recruitment process
Motives
6. What is strategic control? Explain the 3-step model by Pearce and Robinson.
Premise Control- The work of premise control is to check the premise at the
beginning which is the strategy is still valid, if an important premise in no
longer valid, the strategy may have to be change premise are primarily
concerned with two types of factos
8. Explain the different modes of corrective action. State the specific situation
when each mode should be implemented.
The main purpose of the corrective and preventive action is to gather
information, analyze it, identify and investigate product problems and quality
problems, and have proper and effective corrective and/or preventive action
to prevent their recurrence. In other words, the purpose of corrective action is
to correct any issues that you’ve identified. You could be trying any number of
means to ensure that the incident doesn’t happen again or can’t spread any
further. For instance, genuine activities may incorporate stopping the
manufacturing procedure until you've got to the bottom of the issue or placing
items into quarantine rather enabling them to go out to clients and end-users.
There are three choices of corrective action:
1. Normal mode - follow a routine, no crisis approach; this take more time
2. As hoc crash mode - saves time by speeding up the response process, geared
to the problem ad hand.
3. Preplanned crisis mode - specifies a planned response in advance; this
approach lowers the response time and increases the capacity for handling
strategic surprises.
Revise the Standards. It is entirely possible that the standards are not in line with
objectives and strategies selected. Changing an established standard usually is
necessary if the standards were set too high or to low are the outset. In such cases it's
the standard that needs corrective attention not the performance.
Revise the Objective. Some deviations from the standard may by justified because of
changes in environmental conditions, or other reasons. In these circumstances,
adjusting the objectives can y much more logical and sensible then adjusting
performance.
Revise the Strategies. Deciding on internal changes and taking corrective action may
involve changes in strategy. A strategy that was originally appropriate can become
inappropriate during a period because of environmental shifts.
Revise the Structure, System or Support. The performance deviation may by caused
by an inadequate organizational structure, systems, or resource support. Each of
these factors is discussed elsewhere in this chapter, or other part of this thesis.
Revise Activity. The most common adjustment involves additional coaching by
management, additional training, more positive incentives, more negative incentives,
improved scheduling, compensation practices, training programs, the redesign of jobs
or the replacement of personnel.
Managers can also attempt to influence events or trends external to itself through
advertising or other public awareness programs. In such case, the changes should be
made only after the most intense scrutiny.
Management must remember that adjustments in any of the above areas may require
adjustments in one or more of the other factors. For example, adjusting the
objectives is likely to require different strategies, standards, resources, activities,
and perhaps organizational structure and systems.
II CASE/SITUATION (15 points each). Discuss by writing at least 10 sentences for each
Case/situation. Refer to the Rubric for scoring guide in evaluating and checking your
answers.
When the head of the Strategic Management Division retired, he was replaced by
Henry Carpenter, who had been managing another division in the company. Randle
began fraternizing with Carpenter almost as soon as Carpenter friends. Although he
had a vague feeling that something was not quite right about Randle, he did not
become alarmed about the supervisor until one of Randle’s employees inquired about
the status of her performance increase and promotion, which Randle had promised
her some time ago. Upon investigating the matter further with a second employee
Gilmore learned that Randle seldom supervised employees, but would occasionally
pressure them into completing an assignment, onto which he would later put his
name. After he discovered this, Gilmore alerted Carpenter, and then phoned Randle,
who was home on vacation. He told Randle’s wife that they would not be commuting
to work anymore. Randle’s wife mentioned that she and her husband were having
family problems lately. Next, Gilmore prepared an evaluation of Randle to coincide
with the supervisor’s first anniversary with the company.
a. What are the problems at this point
The current problems are several. One is that Gilmore now trusts Randle very
lite. Second that Randle has suggested himself in to a friendly relationship with
Gilmores boss. Third Randle has acted inappropriately with his employees,
creating morale and production problems Deeper concern the extent to which
Randle has been performing his jobs tasks effectively Gilmore cannot answer
this question